Onmanorama Lite App
Kerala will divert motor vehicle taxes and fuel cess from KIIFB to the treasury, aiming to ease the state's financial crisis and increase revenue.
Kerala's treasury isn't empty, as revenue collection improved. However, poor capital expenditure, especially in social and economic sectors, signifies spending without growth, like a building without facilities.
Kerala's public finance is under intense scrutiny, with claims of the treasury being in ruins and the state trapped in debt.
Balagopal highlighted that despite Union government restrictions, the State treasury remained operational, with all salaries, pensions, and welfare payments made without interruption.
Advance drawals by local self-government institutions must comply with existing government orders issued on March 10, 2023.
Treasury Cellar in Vadakara, sealed for nearly 50 years, is about to be opened, sparking curiosity about its contents.
The move reduces the bill clearance threshold to ₹10 lakh, requiring Finance Department approval for larger bills.
Universities were reluctant to transfer their money to the treasury, following which the Finance Department issued the warning.
The AG has recommended that the balance outstanding in such SB accounts may be transferred to Revenue Deposit after deducting the interest, if any, allowed after five years.
Treasuries have not approved any bill submitted by the district panchayat since August 3, 2023.
Results 1-10 of 43
